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they continue to focus on the fiscal cliff. more americans are getting a better handle on their debt. the "wall street journal" reports u.s. households spent just over 10% in the third quarter of the year. that is the lowest level since 1983, according to the federal reserve. while the ultimate procrastinators are hitting stores today, retailers are also bracing for a busy day on wednesday. industry watchers say the lines were returning gifts will be as long, if not longer, then the lines consumers had to buy the things in the first place. that is the latest from the fox business network. giving you the power to prosper. ♪ lori: how has the franchise industry than coping with the fiscal uncertainty coming out of washington? joining us now is nick powell. welcome. >> thank you. thank you for having me. lori: i have to imagine this is probably one of the most difficult times. what do you think? >> well, it is obviously dependent on the way you look at the statistics. i think it is a great opportunity to get into the franchise m
they continue to focus on the fiscal cliff. more americans are getting a better handle on their debt. the "wall street journal" reports u.s. households spent just over 10% in the third quarter of the year. that is the lowest level since 1983, according to the federal reserve. while the ultimate procrastinators are hitting stores today, retailers are also bracing for a busy day on wednesday. industry watchers say the lines were returning gifts will be as long, if not longer, then the...
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fiscal cliff. fiscal cliff. whatirping ][ cellphon [ buzzing ] bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive. how much is your current phone bill? four sixteen seventy six a month! okay, come with me -- we're gonna save you money. with straight talk at walmart, you get unlimited talk, text and data for only $45 a month per phone. would we get the same coverage? same coverage on america's best networks. you saved $146.76 by switching to straight talk. awesome! now you can afford to share your allowance with me. get the season's hottest smartphones like the samsung galaxy s2 and get straight talk with unlimited data for just $45 a month -- from america's gift headquarters. walmart. ♪ >>> since we announced we were going to have the nra's wayne lapierre on the program, we received so much feedback on line, thougs of you september us tweets and comments on our facebook page, m
fiscal cliff. fiscal cliff. whatirping ][ cellphon [ buzzing ] bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive. how much is your current phone bill? four sixteen seventy six a month! okay, come with me -- we're gonna save you money. with straight talk at walmart, you get unlimited talk, text and...
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our expert on all matters relating to the fiscal cliff is dana bash. she joins me now from washington. dana, great to see you again. tell me does even a band-aid approach work? >> it's going to be tough. this is all math. but it really has to do with the math with regard to votes. and democrats especially who i'm talking to in the senate which is probably where this will originate, the reality is that democrats don't hold a very big majority. her going to need to have a handful of republicans to cross party lines and vote with them on the whole concept of raising any taxes. especially what the president wants which is something that is raising taxes on all americans making more than $250,000. that's the senate. never mind the house, which of course, made clear to the house speaker that they won't even go for something that's a million dollars or more when it comes to tax increases. that was last week. >> dana, you were saying that when you were reporting on it when it was breaking that evening, you called that devastating for john boehner. now that hou
our expert on all matters relating to the fiscal cliff is dana bash. she joins me now from washington. dana, great to see you again. tell me does even a band-aid approach work? >> it's going to be tough. this is all math. but it really has to do with the math with regard to votes. and democrats especially who i'm talking to in the senate which is probably where this will originate, the reality is that democrats don't hold a very big majority. her going to need to have a handful of...
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Dec 24, 2012
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ten days until we got the fiscal cliff. president obama speaking moments ago, saying that maybe some time off will give both parties perspective to drink some eggnog, sing some careless, maybe reached the fiscal cliff deal. how speaker john boehner is doing damage control on their plan b mess. before heading out for the holidays. even as americans are facing more than $500 billion in tax hikes coming on january 1. with more on this, we have peter barnes, fox business sr. washington correspondent. what did the president have to say moments ago? >> john boehner did say that this would be a cooling off period. maybe they would have some time to reflect here. the president said that he did speak on the phone to speaker john boehner this afternoon. he also had majority leader harry reid to avoid the fiscal cliff and figure out a passport. he said he is ready and willing to try to get a compromise package done. all at once or stuff like that. but we'll have to wait until after the holiday. the president planning to hold out for t
ten days until we got the fiscal cliff. president obama speaking moments ago, saying that maybe some time off will give both parties perspective to drink some eggnog, sing some careless, maybe reached the fiscal cliff deal. how speaker john boehner is doing damage control on their plan b mess. before heading out for the holidays. even as americans are facing more than $500 billion in tax hikes coming on january 1. with more on this, we have peter barnes, fox business sr. washington...
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what happens next in the debate over the fiscal cliff. caller: i think with the current state of our economy, if the government is not doing their job and are taking their vacation and stuff, why don't they start at minimum wage? that would wrestle them up. get rid of their pensions and put them on 401k's. it is about time we started to take care of the people again. host: barbara from manchester, new jersey. caller: you will never get the gop in power to cooperate. that is not their goal. their goal is to make president obama a failure, no matter what it does to this country. thank you. host: lots of different points of view. joshua gordon. guest: the main issue is when you look at how spending programs are growing more quickly than the economy. we need to look at how we are going to pay for that. we are not going to pay for it with a major reform. this fiscal cliff thing is a short-term issue. we are trying to recover from this financial crisis. the economy is slowly doing better but still has not come back to pre-crisis levels. do we w
what happens next in the debate over the fiscal cliff. caller: i think with the current state of our economy, if the government is not doing their job and are taking their vacation and stuff, why don't they start at minimum wage? that would wrestle them up. get rid of their pensions and put them on 401k's. it is about time we started to take care of the people again. host: barbara from manchester, new jersey. caller: you will never get the gop in power to cooperate. that is not their goal....
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the new year and the so-called fiscal cliff. for the record, though, it's about 178 hours away if we're getting down to the wire. that's specifically. how much negotiating can be squeezed in to that little bit of time? >>> new numbers on whether exist consumers are buying less. >>> and just in time for the holiday, a christmas storm expecting to hit the midwest. when, where and how much snoi is expected. we bring the answers in minutes. >>> we start with optimism as a last words that comes to mind with the fiscal cliff and with just a week left for talks left, la lawmakers are saying a deal is looking less likely than ever. >> it's a first time i feel it's more likely that we'll go over the cliff than not. and that -- if we allow that to happen it will be the most coloss colossal, consequential act of congressional irresponsibility in a long time. maybe ever in american history because of the immaterial pact on almost every single american. >> what will happen to an average american paycheck in a deal is not reached by january 1
the new year and the so-called fiscal cliff. for the record, though, it's about 178 hours away if we're getting down to the wire. that's specifically. how much negotiating can be squeezed in to that little bit of time? >>> new numbers on whether exist consumers are buying less. >>> and just in time for the holiday, a christmas storm expecting to hit the midwest. when, where and how much snoi is expected. we bring the answers in minutes. >>> we start with optimism as a...
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thank you. >> you got it. >> the fiscal cliff reportedly weighing on shoppers this holiday season. consumer confidence in december hitting a five-month loaf, bloomberg reporting that online stales increased by a little more than 8% this holiday season compared with 16% this time last year. joining us now with what a the fiscal cliff means for consumers, you listened to what hampton was telling us as well, we still have some big days ahead of us in shopping. are we really going to see the sort of negative or shall we say not an increase from last year, that 8% versus 16% as we're just showing. >> on that 8 versus 16 it's 8% over a much, much higher base than the 16 was. you are going to have an slowdown of online sales. we're all shopping online. the other thing about this is of course people are worried about the fiscal cliff because that's the only thing what we're talking about on air. i don't mean to say this is a media for a washington story, i just mean it's a story that has engendered a hume of -- it may be that we've so gamed out that negative reaction that come january 1 pe
thank you. >> you got it. >> the fiscal cliff reportedly weighing on shoppers this holiday season. consumer confidence in december hitting a five-month loaf, bloomberg reporting that online stales increased by a little more than 8% this holiday season compared with 16% this time last year. joining us now with what a the fiscal cliff means for consumers, you listened to what hampton was telling us as well, we still have some big days ahead of us in shopping. are we really going to...
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fiscal cliff. two republican senators on the sunday talk shows yesterday say they agree with the president's position that both sides should avoid tax hikes on middle-class americans. also, nra executive said the group would not support any new gun laws in this country. good morning this monday, december 24, 2012. we will begin this morning with your thoughts on religion and politics. as a religion influence your political decisions? also send us your tweet if you go to twitter.com -- we will begin with the sunday review section of the "the new york times" yesterday. we want to get your take on this. it does religion influence your politics? with more people saying they are unaffiliated. we want to get your take. here are some comments from facebook this morning. what are your thoughts on this december 24, 2012. it does religion influence your politics? let me show you this from "the new york times" this morning. a new poll out worldwide religion shows up that one out of six follows no religion. th
fiscal cliff. two republican senators on the sunday talk shows yesterday say they agree with the president's position that both sides should avoid tax hikes on middle-class americans. also, nra executive said the group would not support any new gun laws in this country. good morning this monday, december 24, 2012. we will begin this morning with your thoughts on religion and politics. as a religion influence your political decisions? also send us your tweet if you go to twitter.com -- we will...
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. >> senator, there's a lot of talk about the fiscal cliff shifting to the senate. that's where a solution should be worked on. what have you been heard from your leadership on that? >> well, i think that everyone is going back to the drawing boards. i had hoped that we would be able to take speaker boehner's plan b and work on that with the democrats, and then maybe come to terms before we broke for christmas. to make sure the tax increases that would occur at the end of the year won't -- and something that hasn't talked too much is it would make permanent the child tax credit, the marriage penalty relief, the amt relief, things that middle-class families need to continue. all of that will go you have if we don't do something by the end of the year. >> are you hearing from leadership it will be taken up, something does need to cobble together? >> i know our leader are trying. >>> what about vice president biden, you worked with him for 15 years. he and biden worked very well together in the fiscal negotiations last time. should you bring in biden into the conversat
. >> senator, there's a lot of talk about the fiscal cliff shifting to the senate. that's where a solution should be worked on. what have you been heard from your leadership on that? >> well, i think that everyone is going back to the drawing boards. i had hoped that we would be able to take speaker boehner's plan b and work on that with the democrats, and then maybe come to terms before we broke for christmas. to make sure the tax increases that would occur at the end of the year...
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just eight days until america goes off the fiscal cliff. with both sides on holiday break, all we're getting is finger pointing. some republicans say the scenario that's unfolding is part of a white house scheme. >> when i listen to the president, i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at the bottom cliff. gets additional tax revenue for new programs, to cut the military which democrats have been calling for for years and blame republicans for it. >> white house correspond respondent brianna keilar traveling live with the president, joins us from honolulu, hawaii. i suspect this is a working vacation for the president. >> it is what of a working vacation. he is always keeping his on eye on things. but there are not a lot of discussions going on. the white house no longer really having any substantive conversations with house speaker john boehner or senate minority leader mitch mcconnell which is key in finding something to get through the senate and perhaps because of
just eight days until america goes off the fiscal cliff. with both sides on holiday break, all we're getting is finger pointing. some republicans say the scenario that's unfolding is part of a white house scheme. >> when i listen to the president, i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at the bottom cliff. gets additional tax revenue for new programs, to cut the military which democrats have been calling for for...
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dagen: is it the fiscal cliff fears that have shoppers down this season? retailers are reporting slowing sales over the last couple of weeks. dennis: a woman fired for being too attractive and a supreme court says it is legal. dagen: i will bite my tongue because it is the top of the hour and stocks now and every 15 minutes. nicole petallides at the new york stock exchange. hey nicole. nicole: i look forward to hearing more about that particular story as i watch the stock market here, i do see the dow is down about 1/3 of 1%. majority of the dow components are lower. it is december 24th. there are kids running around here. it's a very random day on wall street. the traders will get together and sing the traditional song which represents hope back in the early 1900s. some names are weighing heavily here on the major averages. a couple names squeezing out gains like alcoa and home depot. let's take a look at the retailer jc penney. you do see it doing particularly well here. oppenheimer has talked about the fact that there's traffic. there's people going int
dagen: is it the fiscal cliff fears that have shoppers down this season? retailers are reporting slowing sales over the last couple of weeks. dennis: a woman fired for being too attractive and a supreme court says it is legal. dagen: i will bite my tongue because it is the top of the hour and stocks now and every 15 minutes. nicole petallides at the new york stock exchange. hey nicole. nicole: i look forward to hearing more about that particular story as i watch the stock market here, i do see...
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. >>> is congress ready to do a thelma and louise and plunge over the fiscal cliff? some lawmakers sounded gloomy about any chances for a compromise deal. >> passing pln b would not have changed the outcome. we would have gone over the cliff before, we will go over the cliff now because it's what the president wants. you can't negotiate with someone who does not want to negotiate. >> in the aftermath of the house republicans rejecting speaker boehner aers so-called plan "b," it's the first time i feel like we will more likely go over the cliff than not, and if we allow that to happen, it will be the most colossal consequential act of congressional irresponsibility in a long time, maybe ever in american history. >> nine days remain to get a deal done. lawmakers are home for the holidays. house speaker boehner is in ohio. president obama as reported is in his native hawaii. before leaving washington, president obama urged congress to pass a mini plan that would preserve middle class tax rates. brianna keilar joins us live from hawaii. what do we think will happen as th
. >>> is congress ready to do a thelma and louise and plunge over the fiscal cliff? some lawmakers sounded gloomy about any chances for a compromise deal. >> passing pln b would not have changed the outcome. we would have gone over the cliff before, we will go over the cliff now because it's what the president wants. you can't negotiate with someone who does not want to negotiate. >> in the aftermath of the house republicans rejecting speaker boehner aers so-called plan...
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>>> maybe eight days and counting before a fiscal cliff. will a shift too the senate save the day? then paradise lost. will president obama leave hawaii behind the day after christmas if a deal is in the works and the election hangover. new comments from one of mitt romney's sons that you might describe as puzzling. what do they really mean? and the gun battle rages on. new reports on why nothing may get done even after the sandy hook tragedy. >>> a massive tax hike and spending cuts -- republicans and democrats continue to point fingers in opposite directions, hinting that talks could go into the new year. >> are we going over the cliff? >> i believe we are, and i think the president is eager to go over the cliff for political purposes. he senses a victory at the bottom of the cliff. >> we only have nine days left here. when are we going to get serious about actual solutions? i would welcome john to tell me. he says he wants a solution. give us one, john. >> meanwhile, president obama is spending christmas in hawaii where he and the first lady attended the holiday memorial service
>>> maybe eight days and counting before a fiscal cliff. will a shift too the senate save the day? then paradise lost. will president obama leave hawaii behind the day after christmas if a deal is in the works and the election hangover. new comments from one of mitt romney's sons that you might describe as puzzling. what do they really mean? and the gun battle rages on. new reports on why nothing may get done even after the sandy hook tragedy. >>> a massive tax hike and...
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and discussions continue over the so-called fiscal cliff. negotiations continue. nobel laureate and a burmese opposition leader aung san suu kyi accepted the congressional gold medal in september. she said it represents the aspirations of the burmese people for a democratic transition. we will also hear from secretary of state hillary clinton and former first lady laura bush. >> ladies and gentlemen, the speaker of the united states house of representatives, the honorable john boehner. >> ladies and all men, good afternoon and welcome to the capital. this is a great day for the american people, and we are happy to welcome you here today. gold medals are the highest level of appreciation for distinguished achievement. the first congressional gold medal was awarded to general george washington in 1776 for liberating the city of boston. today, we will present a congressional gold medal to aung san suu kyi in recognition of her efforts to liberate the people of burma. today, we celebrate her steadfast commitment to democracy, stability, and human dignity, and we do so
and discussions continue over the so-called fiscal cliff. negotiations continue. nobel laureate and a burmese opposition leader aung san suu kyi accepted the congressional gold medal in september. she said it represents the aspirations of the burmese people for a democratic transition. we will also hear from secretary of state hillary clinton and former first lady laura bush. >> ladies and gentlemen, the speaker of the united states house of representatives, the honorable john boehner....
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it seems all plans to avert the fiscal cliff is in complete disarray. we have house speaker john boehner declaring god only knows how a deal can be reached now. what are you hearing from lawmakers about their concerns? >> what i've heard from lawmakers on both sides of the aisle and it's the only point of consensus i have ever heard throughout this whole thing is a bad deal is worse than no deal. there are many democrats and republicans who don't buy the idea that we are actually going to go over some fiscal cliff that is going to cause some horrible calamity. they are worried that everybody's taxes are going to go up, and of course they are worried voters aren't going to be too happy about that. they worry about its effects on the economy. a lot of people on both sides of the aisle who are committed to their philosophical points of view think that it's better to let this thing go into january and february and try and workout a good deal from their point of view, than to rush something that they don't feel would be that great. and, again, part of that i
it seems all plans to avert the fiscal cliff is in complete disarray. we have house speaker john boehner declaring god only knows how a deal can be reached now. what are you hearing from lawmakers about their concerns? >> what i've heard from lawmakers on both sides of the aisle and it's the only point of consensus i have ever heard throughout this whole thing is a bad deal is worse than no deal. there are many democrats and republicans who don't buy the idea that we are actually going to...
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some worry us about the fiscal cliff as it gets closer. the nasdaq and s&p 500 are both down as well. markets close at 10:00 a.m. pacific time. >>> if you still have christmas shopping to do, brian, you're not alone. you will be out there with a few others. a new survey shows 10% of all americans say they will still be in the malls today, christmas eve. some shoppers say they like the energy of shopping right up until the last minute. others say they hate the crowds, but they just couldn't get out to the stores any sooner. >>> and it turns out shoes are one of the most popular gifts this holiday season. shoppers say shoes are one gift they know will be used and the sizes are unlikely to change. footwear ranks fing. they weren't in the top ten last year. >>> the prelude to the lord of the rings movie is still the most popular movie in the u.s. >> the tiny hobbit is running circles around some of the biggest hollywood names. the hobbit and unexpected journey remains number one. >>> this is 40, rise to the gardens and lincoln rounded out the
some worry us about the fiscal cliff as it gets closer. the nasdaq and s&p 500 are both down as well. markets close at 10:00 a.m. pacific time. >>> if you still have christmas shopping to do, brian, you're not alone. you will be out there with a few others. a new survey shows 10% of all americans say they will still be in the malls today, christmas eve. some shoppers say they like the energy of shopping right up until the last minute. others say they hate the crowds, but they just...